Asia gas prices may be high, but over the years they are poised to go even higher due to two key developments that threaten to change Japan’s role and influence in global liquefied natural gas (LNG) markets, according to the latest analysis from Japan NRG. For decades Japan was the dominant buyer in the LNG market. In the first six…
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SINGAPORE, Oct 6 (Reuters) – Asia liquefied natural gas (LNG) spot prices surged by 40% to a record high of over $56 per million British thermal units (mmBtu) on Wednesday, amid a global energy crunch, low gas inventories and mounting supply concerns. Price agency S&P Global Platts’ Japan-Korea-Marker (JKM), which is widely used as a spot benchmark in the region,…
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Byco and Axens are pleased to announce that Axens has been selected to support Byco’s Refinery upgrading Project Phases I, II, III with providing advanced technical solutions in order to achieve Euro V gasoline and diesel specifications in Pakistan. The solution consists of a unique integration of three existing units into a Cracked Naphtha Desulfurization unit using best in the…
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Sellers of liquefied natural gas (LNG) are asking for credit letters from companies they deal with to guarantee they can pay as the global spike in gas prices takes them beyond their credit limits, industry sources said. Defaults have been rare in LNG, which has typically relied on big players with deep pockets, but over the last two-to-three years, around…
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National Electric Power Regulatory Authority (Nepra) has notified Quarterly Tariff Adjustment (QTA) of Rs 1.65 per unit to be effective from October 1, 2021 for consumers using up to 700 units per month which has replaced previous QTA of Rs 1.62 per unit, posting an increase of paisa 3 per unit. According to Nepra, the Authority has determined QTA of…
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Nepra (National Electric Power Regulatory Authority) has just released its State of Industry Report for 2020-21. This is a report of outstanding quality which has been produced annually since 2006. It contains in a very detailed manner all the key facts on the power sector and their analysis. Hopefully, one day reports of similar quality will be prepared by other…
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Amid an unprecedented rise in the price of LPG cylinder of 11.8 kg that currently stands at Rs2,436 as per Ogra’s latest notification, which may further rise during the forthcoming winter season on account of increasing demand and supply gap, the Petroleum Division has geared up its endeavours to revive the Jamshoro Joint Venture Limited LPG and NGL extraction plant.…
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Many companies from the Netherlands are eyeing investment in the projects of solid waste energy in Pakistan, said Ambassador of Netherlands to Pakistan Wouter Plomp. In a meeting with Federal Minister for Energy Muhammad Hammad Azhar, the envoy said that Dutch companies had expertise in effectively using domestic and agricultural waste to produce cheaper electricity. During the meeting, the federal…
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Sui Northern Gas Pipelines Ltd (SNGPL) posted earnings of Rs8.9 billion in the first nine months of 2020-21, up 54.7 per cent from a year ago, according to a notice on the Pakistan Stock Exchange (PSX) on Monday. In addition to the simultaneous release of the financial results for October-December 2020 and January-March, the gas distribution company also announced an…
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Japan’s parliament elected Fumio Kishida to serve as the country’s Prime minister. The new prime minister is scheduled to dissolve parliament next week and call for elections on October 31. The Japanese parliament announced the selection of Fumio Kishida as the new head of the Japanese government, after the entire previous government, led by Prime Minister Yoshihide Suga, resigned. Fumio…
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